I have to admit I’m spending a lot of time reading the latest news about the potential bailout on Wall Street. The latest is that they are considering adding executive compensation caps to the proposal. I still haven’t read anything about limiting the power and scope that this proposal would give to the executive branch. The two things that bother me most about this potential
David at My Two Dollars has a couple of posts that I was going to do myself but he did a fine job so I’m just going to link to him. I am finding myself more and more angry that we are looking at more than a Trillion dollar bailout for Wall Street. If they enact this, at the minimum I’d like to see: -Drastically
Well, here we are. We’ve been talking about it for months on blogs all around the Internet. All of us that are managing our money in a responsible way have been wondering how much of an impact the irresponsible could have on our financial well being. It seems to be slowly coming clear now and it doesn’t look good. Who am I talking about? Well,
What a horrendous market this week. I guess it’s not really a surprise that things are headed south. I’ve been worrying about the overall economy and all of our country’s debt for a long time. So, if a simple guy like me is worrying about it, there must be a real problem. I’m actually not all that terribly worried about the market. I have $10,000
It’s a crazy, crazy world these days. Last night my daughter had her kindergarten orientation at the elementary school near our house. Yes, it was a milestone that came way too fast for us. It’s hard to believe it’s been 5 years since we were blessed with our wonderful daughter. Anyway, I was walking down the hall of the school when I recognized some neighbors
CNN has an article that talks about some of your options when you are hit with medical bills that you can’t afford. It’s definitely worth reading. Just because you have insurance doesn’t mean you won’t find yourself in a difficult situation. If you don’t have insurance, it’s even more important to read this article. It’s amazing what you can get when you simply ask!
I just discovered the next movie I want to see. It’s called IOUSA and is a documentary about the massive debt we have in our country and what the long term implications are. It isn’t being released on a large scale but I was able to find some theatres near me that will be showing it. Here is the link to the official movie site:
If you’ve been reading ELYM for any length of time you’ll know I’m a big fan of credit unions. I use one for all of my banking needs and have always been 110% happy with it. As I’ve been reading about all the drama with many commercial banks and lending institutions I started to wonder how my credit union was doing. All I needed to
Congratulations to Frugal Zeitgeist for paying off her NY apartment. She managed to do it in 6 years, 7 months and 3 days with no huge financial windfalls. She took the route of sacrificing a few things along the way and applying everything she could towards the mortgage. I noticed that she refinanced a couple years in to a 15 year 5.125% mortgage which also
This weekend I was driving down the road when I noticed a reader board outside a small town bank. The message on the board said, "Increase your summer fun with a home equity loan". Really? In 2008? The sad thing about this is that I’m sure someone will take that message and borrow money to make their summer more fun. I was hoping that people